{"id":511817,"date":"2021-07-12T09:04:02","date_gmt":"2021-07-12T13:04:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/middleby-acquires-premium-residential-appliance-brand-novy\/"},"modified":"2021-07-12T09:04:02","modified_gmt":"2021-07-12T13:04:02","slug":"middleby-acquires-premium-residential-appliance-brand-novy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/middleby-acquires-premium-residential-appliance-brand-novy\/","title":{"rendered":"Middleby Acquires Premium Residential Appliance Brand Novy"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Middleby Acquires Premium Residential Appliance Brand Novy<\/b><\/p>\n<p>ELGIN, Ill.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Novy, a leading manufacturer of premium residential ventilation hoods and cooktops based in Belgium, with sales of approximately $90 million USD annually and EBITDA margins in excess of 20%.\n<\/p>\n<p>\n\u201cNovy is recognized for its market leading innovations and product designs, complementing our expanding portfolio of premium residential brands. The business is well-positioned in the built-in cooking segment of the residential market, a category which is growing globally,\u201d said Tim FitzGerald, Middleby CEO. \u201cWe believe there are exciting opportunities to realize synergies with our existing residential brands. The introduction of the Novy brand and products into the U.S. and U.K. markets, where Middleby Residential is well-established, will further accelerate the company\u2019s sales.\u201d\n<\/p>\n<p>\nNovy is a leading European manufacturer for residential kitchens with a best-in-class reputation. In recent years the company quickly expanded its footprint as consumers adopted their products. The addition of Novy expands the Middleby Residential offerings in the built-in residential segment, while broadening its international presence in the premium residential kitchen equipment market.\n<\/p>\n<p>\nMore information on the company is available at novy.com.\n<\/p>\n<p><b>About Middleby<\/b><\/p>\n<p>\nThe Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries. The company\u2019s leading equipment brands serving the commercial foodservice industry include Anets<sup>\u00ae<\/sup>, APW Wyott<sup>\u00ae<\/sup>, Bakers<sup \/>Pride<sup>\u00ae<\/sup>, Beech<sup>\u00ae<\/sup>, BKI<sup>\u00ae<\/sup>, Blodgett<sup>\u00ae<\/sup>, Blodgett Combi<sup>\u00ae<\/sup>, Bloomfield<sup>\u00ae<\/sup>, Britannia<sup>\u00ae<\/sup>, Carter-Hoffmann<sup>\u00ae<\/sup>, Celfrost<sup>\u00ae<\/sup>, Concordia<sup>\u00ae<\/sup>, CookTek<sup>\u00ae<\/sup>, Crown<sup>\u00ae<\/sup>, CTX<sup>\u00ae<\/sup>, Desmon<sup>\u00ae<\/sup>, Deutsche Beverage<sup>\u00ae<\/sup>, Doyon<sup>\u00ae<\/sup>, Eswood<sup>\u00ae<\/sup>, EVO<sup>\u00ae<\/sup>, Firex<sup>\u00ae<\/sup>, Follett<sup>\u00ae<\/sup>, frifri<sup>\u00ae<\/sup>, Giga<sup>\u00ae<\/sup>, Globe<sup>\u00ae<\/sup>, Goldstein<sup>\u00ae<\/sup>, Holman<sup>\u00ae<\/sup>, Houno<sup>\u00ae<\/sup>, IMC<sup>\u00ae<\/sup>, Induc<sup>\u00ae<\/sup>, Ink<sup \/>Kegs<sup>\u00ae<\/sup>, Inline Filling Systems<sup>\u00ae<\/sup>, Jade<sup>\u00ae<\/sup>, JoeTap<sup>\u00ae<\/sup>, Josper<sup>\u00ae<\/sup>, L2F<sup>\u00ae<\/sup>, Lang<sup>\u00ae<\/sup>, Lincat<sup>\u00ae<\/sup>, MagiKitch\u2019n<sup>\u00ae<\/sup>, Market Forge<sup>\u00ae<\/sup>, Marsal<sup>\u00ae<\/sup>, Meheen<sup>\u00ae<\/sup>, Middleby Marshall<sup>\u00ae<\/sup>, MPC<sup>\u00ae<\/sup>, Nieco<sup>\u00ae<\/sup>, Nu-Vu<sup>\u00ae<\/sup>, PerfectFry<sup>\u00ae<\/sup>, Pitco<sup>\u00ae<\/sup>, QualServ<sup>\u00ae<\/sup>, RAM<sup>\u00ae<\/sup>, Southbend<sup>\u00ae<\/sup>, Ss Brewtech<sup>\u00ae<\/sup>, Star<sup>\u00ae<\/sup>, Starline<sup>\u00ae<\/sup>, Sveba Dahlen<sup>\u00ae<\/sup>, Synesso<sup>\u00ae<\/sup>, Tank<sup>\u00ae<\/sup>, Taylor<sup>\u00ae<\/sup>, Thor<sup>\u00ae<\/sup>, Toastmaster<sup>\u00ae<\/sup>, TurboChef<sup>\u00ae<\/sup>, Ultrafryer<sup>\u00ae<\/sup>, Varimixer<sup>\u00ae<\/sup>, Wells<sup>\u00ae<\/sup>, Wild Goose<sup>\u00ae<\/sup> and Wunder Bar<sup>\u00ae<\/sup>. The company\u2019s leading equipment brands serving the food processing industry include Alkar<sup>\u00ae<\/sup>, Armor Inox<sup>\u00ae<\/sup>, Auto-Bake<sup>\u00ae<\/sup>, Baker Thermal Solutions<sup>\u00ae<\/sup>, Burford<sup>\u00ae<\/sup>, Cozzini<sup>\u00ae<\/sup>, CV-Tek \u00ae, Danfotech<sup>\u00ae<\/sup>, Deutsche Process<sup>\u00ae<\/sup>, Drake<sup>\u00ae<\/sup>, Glimek<sup>\u00ae<\/sup>, Hinds-Bock<sup>\u00ae<\/sup>, Maurer-Atmos<sup>\u00ae<\/sup>, MP Equipment<sup>\u00ae<\/sup>, Pacproinc<sup>\u00ae<\/sup>, RapidPak<sup>\u00ae<\/sup>, Scanico<sup>\u00ae<\/sup>, Spooner Vicars<sup>\u00ae<\/sup>, Stewart Systems<sup>\u00ae<\/sup>, Thurne<sup>\u00ae<\/sup> and Ve.Ma.C<sup>\u00ae<\/sup>. The company\u2019s leading equipment brands serving the residential kitchen industry include AGA<sup>\u00ae<\/sup>, AGA Cookshop<sup>\u00ae<\/sup>, Brava<sup>\u00ae<\/sup>, EVO<sup>\u00ae<\/sup>, La Cornue<sup>\u00ae<\/sup>, Leisure Sinks<sup>\u00ae<\/sup>, Lynx<sup>\u00ae<\/sup>, Marvel<sup>\u00ae<\/sup>, Mercury<sup>\u00ae<\/sup>, Rangemaster<sup>\u00ae<\/sup>, Rayburn<sup>\u00ae<\/sup>, Redfyre<sup>\u00ae<\/sup>, Sedona<sup>\u00ae<\/sup>, Stanley<sup>\u00ae<\/sup>, TurboChef<sup>\u00ae<\/sup>, U-Line<sup>\u00ae<\/sup> and Viking<sup>\u00ae<\/sup>.\n<\/p>\n<p>\nFor more information about The Middleby Corporation and the company brands, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.middleby.com&amp;esheet=52458086&amp;newsitemid=20210712005462&amp;lan=en-US&amp;anchor=www.middleby.com&amp;index=1&amp;md5=e677b0d2707976032d8c5f1e1c4ebc20\">www.middleby.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210712005462r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210712005462\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210712005462\/en\/<\/a><\/span><\/p>\n<p>\nDarcy Bretz, Director of Corporate Communications, 847.429.7756\n<\/p>\n<p>\n\u00a0\n<\/p>\n<p><b>KEYWORDS:<\/b> Belgium Europe United States North America Illinois<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Home Goods Construction &amp; Property Other Manufacturing Other Construction &amp; Property Interior Design Manufacturing Retail Residential Building &amp; Real Estate<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Middleby Acquires Premium Residential Appliance Brand Novy ELGIN, Ill.&#8211;(BUSINESS WIRE)&#8211; The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Novy, a leading manufacturer of premium residential ventilation hoods and cooktops based in Belgium, with sales of approximately $90 million USD annually and EBITDA margins in excess of 20%. \u201cNovy is recognized for its market leading innovations and product designs, complementing our expanding portfolio of premium residential brands. The business is well-positioned in the built-in cooking segment of the residential market, a category which is growing globally,\u201d said Tim FitzGerald, Middleby CEO. \u201cWe believe there are exciting opportunities to realize synergies with our existing residential brands. The introduction of the Novy brand and products into the U.S. and U.K. markets, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/middleby-acquires-premium-residential-appliance-brand-novy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Middleby Acquires Premium Residential Appliance Brand Novy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511817","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Middleby Acquires Premium Residential Appliance Brand Novy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/middleby-acquires-premium-residential-appliance-brand-novy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Middleby Acquires Premium Residential Appliance Brand Novy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Middleby Acquires Premium Residential Appliance Brand Novy ELGIN, Ill.&#8211;(BUSINESS WIRE)&#8211; The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Novy, a leading manufacturer of premium residential ventilation hoods and cooktops based in Belgium, with sales of approximately $90 million USD annually and EBITDA margins in excess of 20%. \u201cNovy is recognized for its market leading innovations and product designs, complementing our expanding portfolio of premium residential brands. The business is well-positioned in the built-in cooking segment of the residential market, a category which is growing globally,\u201d said Tim FitzGerald, Middleby CEO. \u201cWe believe there are exciting opportunities to realize synergies with our existing residential brands. 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The business is well-positioned in the built-in cooking segment of the residential market, a category which is growing globally,\u201d said Tim FitzGerald, Middleby CEO. \u201cWe believe there are exciting opportunities to realize synergies with our existing residential brands. 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